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The below output shows the results of an ARIMA model which was fitted to a time-series data of Japans GDP, and an excerpt of the
The below output shows the results of an ARIMA model which was fitted to a time-series data of Japans GDP, and an excerpt of the data. Based on the below model and information: a) Explain whether the time series is likely to contain a seasonal pattern, a trend pattern, neither, or both. b) Explain what is the predicted GDP value for Q4, 2022?
\begin{tabular}{|l|l|} \hline Quarter, Year & GDP (in trillions of dollars) \\ \hline Q1, 2022 & 5.5 \\ \hline Q2, 2022 & 6.5 \\ \hline Q3, 2022 & 7.0 \\ \hline \end{tabular} \#\# Series: GDP \#\# Model: ARIMA(1,1,0) \#\# Coefficients: \#\# ar1 constant \#\# 0.53
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